this post was submitted on 28 Jun 2025
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It's still called capitalism, but in reality it's drifted way off course. What we've got now looks more like a corporate oligarchy. The free market only applies to small players, big banks and mega-corps get bailouts, write policy through lobbyists, and face no real consequences for failure. It's capitalism in name, but the rules are rigged. Real capitalism doesn't have a reset button for the rich and a bootstraps lecture for everyone else.
The only way that capitalism could ever work would be to remove any generational wealth and make it only about personal achievement. When you die it all goes back to the state(assets and money).
Removing all inheritance was one of the items Marx suggested in The Communist Manifesto.